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735 E Washington St, Greencastle, IN, 46135

3beds
1baths
2,553sqft
$145,000
$57price/sqft
$1,171/moest. monthly cost
$46,840/yrincome needed

About This Home

Opportunity awaits with this 2-bedroom, 1-bath home situated on a nearly half-acre lot in a highly visible and convenient Greencastle location. With frontage on both Washington Street and Franklin Street and located next to Dairy Castle, this property offers excellent potential for renovation, investment, or future redevelopment. The main level features a traditional layout with a formal living room with hardwood floors and fireplace, a formal dining room with hardwood flooring, kitchen, mud room, sitting room, full bathroom, and two main-level bedrooms. Upstairs, you'll find an additional bedroom along with a walk-in attic space that could provide extra storage or the opportunity to finish additional living space, bonus room, or another bedroom. The basement offers room for storage and laundry space. Outside, the property includes a small one-car garage/shed, covered back porch, mature trees, and a spacious yard with plenty of room for outdoor use or future improvements. Conveniently located within walking distance to the high school, grocery store, downtown Greencastle, and the DePauw University campus, this property combines location and potential in one package. The home does require significant repairs and updates and is being sold as-is, making it ideal for investors, flippers, or buyers looking for a project with upside potential. Bring your vision and restore this property to its full potential.

Getting Around

60
WalkingSomewhat Walkable
0
TransitVery Limited Transit
45
BikeSomewhat Bikeable

Schools

7/10
7/10
6/10

Construction

Condition

  • Property condition: Fixer
  • Year built: 1935

Materials

  • Foundation: Block
  • Construction materials: Cedar

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cape Cod
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Electric Oven,Refrigerator,Washer
  • Laundry features: In Basement

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished

Bedroom2

  • Level: Main
  • Area: 100
  • Dimensions: 10x10

Bedroom3

  • Level: Upper
  • Area: 144
  • Dimensions: 12x12

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 2

Dining Room

  • Level: Main
  • Area: 110
  • Dimensions: 11x10

Features

  • Hardwood Floors,High Speed Internet
  • Window features: WoodWorkStain/Painted
  • Flooring: Hardwood
  • Number of fireplaces: 1
  • Fireplace features: Living Room,Masonry
  • Fireplace: Yes
  • Finished area below ground: 0

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,553
  • Total interior livable area: 2,553 sqft

Kitchen

  • Level: Main
  • Area: 110
  • Dimensions: 11x10

Laundry

  • Features: Other
  • Level: Basement
  • Area: 420
  • Dimensions: 20x21

Living Room

  • Level: Main
  • Area: 132
  • Dimensions: 12x11

Master Bedroom

  • Level: Main
  • Area: 110
  • Dimensions: 10x11

Property

Details

  • Parcel number: 670921101043000008
  • Special condition: As Is,Fixer Upper,Sales Disclosure Supplements
  • Horse amenities: None

Features

  • Levels: One and One Half
  • Stories: 1
  • Patio & porch: Covered
  • Fencing: Fenced,Partial,Privacy
  • Has view: Yes
  • View description: City

Lot

  • Lot size: 0.40 Acres
  • Features: City Lot,Sidewalks,Storm Sewer,Street Lights,Mature Trees

Parking

  • Total spaces: 1
  • Parking features: Detached,Concrete,Gravel
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindVery High
  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Strong Wind
Cold Wave
Hail
Tornado
Winter Weather
Earthquake
Heat Wave
Inland Flooding
Ice Storm
Lightning

FEMA Declared Disasters Across Indiana Counties

Flood
Snowstorm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $733$8,796
Home Insurance *$108$1,296
Property Taxes $96$1,152
Electricity $234$2,808
Total$1,171$14,052
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$40,148/yr
40% on housing$35,130/yr
45% on housing$31,226/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 3.4%
3.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$57This listing

vs Other Active Listings

Avg $/sqft

ZIP 46135$106
Putnam County$136

vs Homes Sold Last Month

Median $/sqft

ZIP 46135$132
Putnam County$145

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-05-08Listed for sale$145,000

For Sale by Agent

AgentEric Wolfe
BrokeragePrime Real Estate ERA Powered

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